exit planning

Planning Your Business Exit: What You Need to Know

Planning Your Business Exit: What You Need to Know

Aside from starting up, how you handle your exit is possibly the most important and tricky stage of your life as a business owner. Too many owners spend years carefully growing their business – only to mess up their exit plan and see their hard work go to waste. This article is intended as an introduction to exits for business owners, and should be a helpful starting point when putting together an exit plan. We cover how to plan for an exit and set your objectives and the different ways you can actually exit a business. You will then learn how to perform specific types of exit, namely trade sales, management buy-outs and handing over the reins to a family member. How should I plan for an exit? Start early. When you started your business, it’s likely you had an eventual exit in mind, ... »

Exit Planning for Small Businesses

Ending your involvement with your business can be done effectively and profitably, provided you have the right exit plan in place. This guide will show you how to: consider your aims for your business after you leave plan for selling your business use professionals to help with the sale of your business handle succession planning Thinking in advance about how to end your involvement with your business can ensure you get the rewards you deserve. What are your aims for your business after you leave? Successful exit planning begins with careful consideration of what you want: are you going to sell your business as a going concern or for its location or assets? will your customer base willingly transfer to new ownership? will the sale proceeds form part, or all, of your pension fund? are there... »